Daily Market Review & Financial Analysis

U.S. Stock Market

Wall Street finished in the red with the Healthcare and Industrials sectors leading the decline. The Dow Jones fell 0.40%, the S&P 500 dropped 0.35%, and the NASDAQ lost 0.39% of its value. Technically, according to the 4-hour chart, the Dow is positive, holding above the bullish trend line. As long as it continues to do so, a rise towards 26,000 can be expected. However, crossing below the trend line may push the index down to around 25,500.

U.S. Stock Market

Wall Street finished in the green after the Fed confirmed that it will be “patient” with future rate hikes. The Dow Jones rose 0.24%, the S&P 500 grew 0.18%, and the NASDAQ added 0.03% to its value. Technically, according to the 4-hour chart, the NASDAQ is trading above the bullish trend line and under these conditions, a rise towards 7,200 can be expected. However, crossing below the trend line may cause a fall to around 6,900.

U.S. Stock Market

U.S. stocks closed higher on Tuesday, after gains in the Basic Materials, Utilities and Telecoms sectors. The Dow Jones rose 0.03%, the S&P 500 increased 0.15% and the NASDAQ grew 0.19%. On the daily chart, the S&P is trading below the resistance line at 2,810, which may lead the index down towards 2,610. However, breaching above the line could take it up towards 2,950.

U.S. Stock Market

U.S. stock markets were closed on Monday due to the President’s Day holiday. Technically, according to the daily chart, the NASDAQ is trading below the resistance line at 7,135, which may lead it down towards 6,300. Breaching above the line, however, could take it up to around 7,600.

U.S. Stock Market

Wall Street ended the week higher, driven by gains in the Telecoms, Oil & Gas and Financials sectors. The Dow Jones rose 1.74%, the S&P 500 put on 1.09%, and the NASDAQ added 0.61%. Technically, according to the daily chart, the Dow is holding below the resistance line at 26,150. Holding under it may push the index down towards 24,000. However, breaching above this line could start a rise to around 27,000.

U.S. Stock Market

Wall Street experienced mixed fortunes yesterday, with gains for tech stocks while other sectors were pushed and pulled by weak economic data and the prospect of the U.S. government avoiding another shutdown. The Dow Jones fell 0.41%, the S&P 500 dipped 0.27%, and the NASDAQ added 0.09% to its value. According to the 8-hour chart, the Dow is holding above the bullish trend line, which could deliver a rise towards 25,600. However, dropping back below the line may lead to a steep fall to around 25,000.

U.S. Stock Market

U.S. stocks closed higher on Wednesday, with investors hopeful that the United States and China can iron out a trade deal, and as benign inflation data suggested the Federal Reserve will hold interest rates steady in the near term. The Dow Jones rose 0.46%, the S&P 500 grew 0.30%, and the NASDAQ added 0.08% to its value. According to the 4-hour chart, the NASDAQ is trading above the ascending trend line, which should push the index up towards 7,100, while breaking below the line could start a strong reversal to around 6,800.

U.S. Stock Market

Wall Street ended Tuesday on a high, thanks to gains across the Basic Materials, Industrials and Technology sectors. The Dow Jones rose 1.49%, the S&P 500 was up 1.29% and the NASDAQ added 1.46% to its value. On the 4-hour chart, the S&P is trading higher than the bullish trend line with the RSI indicator above the 70 level. These conditions may lead the index towards 2,850 but breaking below the trend line could yet take it down towards 2,600.

U.S. Stock Market

U.S. indices had a mixed Monday, with gains in the Oil & Gas industry balanced by losses in the Consumer Services and Healthcare sectors. The Dow Jones fell 0.21%, the S&P 500 rose 0.07% and the NASDAQ added 0.13% to its value. Technically, according to the daily chart, the NASDAQ is trading below the resistance line at 7,050. Holding below this line may lead it towards 6,300 while breaching above the line could power a rise to around 7,600.

U.S. Stock Market

Wall Street ended last week mixed, with gains in the Consumer Goods and Telecoms sectors alongside losses for Oil & Gas and Financials stocks. The Dow Jones fell 0.25%, the S&P 500 rose by 0.07%, and the NASDAQ added 0.14% to its value. Technically, according to the daily chart, the Dow is holding below the bearish trend line and may now fall towards 22,500. However, breaching above the line could take it up to around 26,000.

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